Understanding the Difference Between Secured and Unsecured Loans
Discover the differences between secured and unsecured loans in Singapore. Learn which loan type suits your needs & explore funding options with Choco Up.
Read more
Invoice discounting enables you to take out a loan using unpaid invoices as collateral.
The loan amount typically ranges between 80% to 95% of the value of the invoices, which you will pay back (with interest) once you receive payment from your customers.
In this example, you will be given $10,000 x 80% = $8,000 of cash. After you have collected on the invoices, you will pay back $8,000 plus the agreed fee to the lender.
Grow your business with Choco Up
Discover the differences between secured and unsecured loans in Singapore. Learn which loan type suits your needs & explore funding options with Choco Up.
Learn the key stages of startup funding and when is the best time to seek out growth capital to scale your e-commerce business.